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Director/PDMR Shareholding

25 Mar 2022 16:20

RNS Number : 1262G
River and Mercantile Group PLC
25 March 2022
 

25 March 2022

LEI: 2138005C7REHURGWHW31

 

River and Mercantile Group PLC ("the Company")

 

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

 

BUY-OUT AWARD FOR ALEX HOCTOR-DUNCAN

GRANT OF AWARD

 

The Company announces that on 25 March 2022 Alex Hoctor-Duncan, CEO and PDMR, was granted a one-off award of nil-cost options over 491,380 River and Mercantile Group PLC ordinary shares of £0.003 pence each ('Shares') pursuant to a buy-out award deed (the 'Buy-out Award').

 

The Company granted the Buy-out Award to compensate Mr. Hoctor-Duncan for the forfeiture of incentive compensation from his previous employer. The Buyout Award was entered into without prior shareholder approval relying on Listing Rule 9.4.2 and will be limited to settlement with market purchased Shares.

 

The Buy-out Award will ordinarily vest on 29 November 2024 subject to Mr. Hoctor-Duncan's continued service with the Company.

 

Formal notification in respect of the PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.

 

Sally Buckmaster

Group Company Secretary

River and Mercantile Group PLC

 

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Alex Hoctor-Duncan

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer - PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

River and Mercantile Group PLC

b)

 

LEI

 

 

2138005C7REHURGWHW31

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Ordinary shares of £0.003 pence each

Identification code

GB00BLZH7X42

b)

 

Nature of the transaction

 

 

Grant of a one-off buy-out award under a standalone buy-out award deed.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 0.00

491,380

d)

 

Aggregated information

- Aggregated volume

491,380

 

- Price

 

GBP 0.00

e)

 

Date of the transaction

 

 

25 March 2022

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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